C&C ‘modestly’ below target
C&C Group has admitted it expects revenues to be in line with last year, but has said it is reflecting growth in its distribution business. The post C&C ‘modestly’ below target appeared first on The Drinks Business.
C&C Group has admitted it expects revenues to be in line with last year, but has said it is still reflecting growth in its distribution business.
The drinks company, which owns brands such as Tennent’s Lager and Bulmers Cider, revealed during a trading update for the 12 months ended 28 February, that it expects underlying earnings before interest and taxes (EBIT) to be in the range of €76 million - €78 million.
C&C Group also revealed that the growth in its distribution business was offset by the impact of the disposal of its “non-core soft drinks business in Ireland" as well as "the strategic exit of low margin contract brewing volume" and "softer GB cider sales during the important summer trading period”.
The update went on to note how the macroeconomic climate and the UK October Budget had placed “additional pressure” on the hospitality customers and “impacted consumer confidence more generally”. However, the group reassured that despite these headwinds, it has made "good progress".
C&C Group explained how, even though EBIT between €76m-€78m had not met its goals, it was still better then the previous year's performance and a"although modestly below our target due to softer trading across the market in January and February" reflects significant recovery versus the prior year’s earnings of €60m”.
Looking to the future, the group revealed that it has some "exciting plans" lined up for its brands in 2026, "including the relaunch of Magners" and expects earnings in 2026 to be "marginally ahead" of 2025. It added that its "objective to deliver €100m EBIT remains in place over the medium-term".
Speaking about the business's position, C&C Group CEO Roger White reinforced that it was early days for him at the helm, but reiterated the group's longer-term capabilities.
White explained: “Having joined the business in late January 2025, although it is still early days, I believe I have already gained an understanding of the business and the wider market dynamics. It is clear to me that C&C has a committed and capable team, alongside great brands and a passion for delivering for its customers. However there is much work to be done to fully realise the potential across the group. Whilst the market backdrop remains challenging, we are continuing to support our customers, invest in the business and have some exciting plans to implement this year which I look forward to updating you on further in May. I remain confident of the significant long-term opportunity within the business and I am fully focussed on delivering increased shareholder value.”
The drinks company, which owns brands such as Tennent’s Lager and Bulmers Cider, revealed during a trading update for the 12 months ended 28 February, that it expects underlying earnings before interest and taxes (EBIT) to be in the range of €76 million - €78 million.
C&C Group also revealed that the growth in its distribution business was offset by the impact of the disposal of its “non-core soft drinks business in Ireland" as well as "the strategic exit of low margin contract brewing volume" and "softer GB cider sales during the important summer trading period”.
The update went on to note how the macroeconomic climate and the UK October Budget had placed “additional pressure” on the hospitality customers and “impacted consumer confidence more generally”. However, the group reassured that despite these headwinds, it has made "good progress".
C&C Group explained how, even though EBIT between €76m-€78m had not met its goals, it was still better then the previous year's performance and a"although modestly below our target due to softer trading across the market in January and February" reflects significant recovery versus the prior year’s earnings of €60m”.
Looking to the future, the group revealed that it has some "exciting plans" lined up for its brands in 2026, "including the relaunch of Magners" and expects earnings in 2026 to be "marginally ahead" of 2025. It added that its "objective to deliver €100m EBIT remains in place over the medium-term".
Speaking about the business's position, C&C Group CEO Roger White reinforced that it was early days for him at the helm, but reiterated the group's longer-term capabilities.
White explained: “Having joined the business in late January 2025, although it is still early days, I believe I have already gained an understanding of the business and the wider market dynamics. It is clear to me that C&C has a committed and capable team, alongside great brands and a passion for delivering for its customers. However there is much work to be done to fully realise the potential across the group. Whilst the market backdrop remains challenging, we are continuing to support our customers, invest in the business and have some exciting plans to implement this year which I look forward to updating you on further in May. I remain confident of the significant long-term opportunity within the business and I am fully focussed on delivering increased shareholder value.” 
